DAILY: China's coking coal prices edge lower on thin trading

China's coking coal market remained under pressure on September 16 as buying interest stayed tepid. Mysteel's benchmark price continued to slide, while online coking coal auctions also delivered weaker results.

On Wednesday, Mysteel Coking Coal Index (MCCI), which tracks coking coal prices nationwide in China, stood at Yuan 2,255.5/tonne ($336.1/t) including the 13% VAT, down Yuan 10.3/t from the previous session. Yesterday's fall extended MCCI's decline from last Friday, with end-users pushing back hard against high-priced coking coal cargoes amid